We’re excited to be presenting a paper at BattCon, the International Stationary Battery Conference in Orlando, Florida. The title of our talk is Optimizing battery sizing and dispatching to maximize economic return and it’s scheduled for Tuesday morning, May 9, 2017. We’re presenting it in conjunction with our strategic partner, Mesa Technical Associates who has a long history of providing turn-key battery solutions to utilities.
The focus of our talk and the accompanying paper is battery optimization. We’ll explain how we use mathematical modeling techniques — and in particular our proprietary Redcloud energy optimization platform — to determine optimal battery sizing and dispatching across multiple stacked value streams, a topic which is getting a lot of attention lately as everyone tries to squeeze every bit of revenue out of their battery. That sounds complicated, but it really just means you’re using your battery do different things over the course of the day or year.
It’s kind of like saying you want to buy a truck. You figure you can make some decent money pushing snow with it. But unfortunately — or fortunately, depending on your perspective — you can’t always push snow. So you need to find other ways for the truck to pay for itself. Maybe you can deliver firewood with it? Or help people move stuff? But now you need to figure out how much of each activity you should do, and when you should do it. Oh, and also decide how big of truck to buy. And that, folks, is an optimization problem.
Batteries are the same way.
Sometimes you use them to reduce your peak demand charges. Other times you play energy arbitrage, or time-shift your excess solar production. Maybe they can get paid for providing frequency regulation to the grid during other hours. You just need to figure out the right mix of applications, and the right size of battery. And that’s where we can help.
Anyway, our talk is Tuesday morning, but we’ll be there all week. You can find us at Mesa’s booth, geeking out about batteries, math, and finance. So if you’re going to BattCon, please stop by and say hi.